The above table gives the market demand and market supply schedules for soda. What is the maximum price consumers are willing to pay for the 400th can of soda?
A) $0.80 per can
B) $0.70 per can
C) $0.60 per can
D) $0.50 per can
B
You might also like to view...
How is the probability of an event defined?
What will be an ideal response?
Assume a monopolist regularly posts price increases three months in advance of when they will take effect. After a small number of new firms enter the market, the original firm continues the practice of announcing price increases in advance
Following the court's logic in the Ethyl case, the firms in this market would not be guilty of price fixing behavior. Indicate whether the statement is true or false
Above the equilibrium nominal interest rate, there is a surplus of money
a. True b. False Indicate whether the statement is true or false
A cost imposed on someone who is neither the consumer nor the producer is called a
a. corrective tax. b. command and control policy. c. positive externality. d. negative externality.